The Ministry of Finance announced that the total foreign-exchange intervention by the government and the Bank of Japan to buy yen and sell dollars from the 30th of last month through the 26th of this month reached a record ¥15.3993 trillion. The yen recently strengthened from around ¥163 to around ¥157 per dollar, and coordinated intervention by Japan and the United States on the 31st pushed the yen up to around ¥155 per dollar.
The Ministry of Finance announced that foreign-exchange intervention by the government and the Bank of Japan to buy yen and sell dollars from the end of last month through the end of this month totaled ¥15.3993 trillion, the highest monthly figure on record. In the market immediately after the intervention began, the yen strengthened rapidly, moving from around ¥163 to around ¥157 per dollar.
Coordinated intervention by Japan and the United States took place the following day, the 31st, and the yen strengthened further to approximately ¥155 per dollar. The government and the Bank of Japan also conducted intervention totaling more than ¥11 trillion from the end of April through early May, bringing the total amount of intervention this year to ¥27.1342 trillion.